Global HVDC power supply market will reach USD 3.56 Billion by 2022. Industry growth will be aided by the industry's high energy efficiency, long distance transmission, and low cost over the forecast period. In addition to the increased design flexibility, lower installation costs are expected to drive demand.
China HVDC power supply market, 2012-2022 (USD million)
Due to an increase in feed-in nodes, the complexity of electric systems is increasing due to the increased demand for grid expansion. This increases the likelihood of blackouts when the supply flow exceeds design criteria. HVDC can automatically reverse the output direction with the flipping of a switch control signal or remote. This prevents blackouts that are expected to fuel product demand.
Growth may be hampered by the complexity of operating and designing a multi-terminal HVDC network. The increasing demand for expensive filter-compensation units in order to address the problems that result from reactive power consumption could also hinder growth over the next seven year.
The voltage segment includes less than 1,000 V, 1,000-4,000V, and more than 4000 V categories. In 2014, the more than 4,000 V category was responsible for over 45% of total revenue. This figure is expected to rise over the next seven year. This could be due to growing demand for offshore installations like oil & gas platforms and growing telecommunication infrastructure that makes use of the voltage range to deliver sufficient supply to desired locations.
In 2014, the 1,000-4,000V category made up more than 30% of the revenue share. This is due to the lower cost of the 1,000-4,000V category compared to the more expensive products, as well as the ability to transmit power over long-to-medium distances. Over the next seven year, the CAGR for the less than 1,000V category will exceed 7.0%.
The market can be divided into the telecommunication, industrial, medical, and oil & Gas industry segments. In 2014, the industrial sector held more than 40% of overall market share. This may be due to growing demand for HVDC supply for equipment manufacture and related processes. The rapid industrialization of emerging countries like India and China, combined with government initiatives to build high voltage DC converters stations, may increase demand in the industrial segment.
From 2015 to 2022, the telecommunications segment will grow at a CAGR of over 5.0%. This is due to the HVDC supply benefits, which include reliable long-distance transmission and minimal loss. This may be due to the rapid development of infrastructure and the increasing demand for large-scale, high-speed broadband services.
Europe was the biggest market, accounting for more than 30% of global revenue in 2014. Due to increasing government regulations that encourage the use of renewable energy resources as well as energy savings, the region will experience healthy growth. North America is expected to see significant growth in the next seven year. This may be due to the new policies implemented in the United States to ensure efficient energy supply to meet growing electricity demand.
Asia Pacific was responsible for more than 20% of 2014's overall revenue. Due to the need for bulk energy transmission with minimal conversion points, this region will see healthy growth. Regional growth could be accelerated by the expansion of telecommunication infrastructure and increased manufacturing facilities.
Vertical integration is a key focus for manufacturers to reduce lead times, speed up product delivery, lower costs and maintain high quality standards. To expand and grow their businesses, companies in this sector adopt product development and geographic expansion strategies.
ABB, Alstom and Excelitas Technologies are some of the most prominent companies in this market. The market's top manufacturers are known for developing custom configurations that cannot be supported by standard products. Companies should also have a customer service team that can assist with modifications to the standard. This can be trimmed, revised, equipped with auxiliary outputs, or certified for extended temperature operation.
Up Market Research published a new report titled “High Voltage Direct Current Power Supply Market research report which is segmented by Application (Oil & Gas, Industrial, Medical, Telecommunication), by Voltage (>4,000 V, 1,000-4000 V, 1,000 V), By Players/Companies Toshiba Corporation, Inc, Matsusada, re-ranged, Excelitas Technologies, Glassman Europe Ltd, equipped with auxiliary outputs or certified for extended temperature operation, which can be trimmed, XP Power (EMCO) Key manufacturers emphasize on developing application-specific configurations that are not supported by the standard product line offered by other players in the market Companies also emphasize on deploying a customer service department that assists on a modified standard, General Electric, ABB, Alstom, Hi-Tek, Spellman UltraVolt, Siemens”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | High Voltage Direct Current Power Supply Market Research Report |
By Application | Oil & Gas, Industrial, Medical, Telecommunication |
By Voltage | >4,000 V, 1,000-4000 V, 1,000 V |
By Companies | Toshiba Corporation, Inc, Matsusada, re-ranged, Excelitas Technologies, Glassman Europe Ltd, equipped with auxiliary outputs or certified for extended temperature operation, which can be trimmed, XP Power (EMCO) Key manufacturers emphasize on developing application-specific configurations that are not supported by the standard product line offered by other players in the market Companies also emphasize on deploying a customer service department that assists on a modified standard, General Electric, ABB, Alstom, Hi-Tek, Spellman UltraVolt, Siemens |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 220 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Oil & Gas, Industrial, Medical, Telecommunication), by Voltage (>4,000 V, 1,000-4000 V, 1,000 V).
High Voltage Direct Current Power Supply Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the High Voltage Direct Current Power Supply Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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